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  • July 11, 2014
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  1. HKEx to pay bonus and spare the axe

    Posted Nov 15th 2008, 12:00am by Staff Reporter

    ... Maria Chan Hong Kong Exchanges and Clearing, the operator of Asia's second-largest stock market, is likely to pay staff bonuses this year even though other financial institutions ... trim its headcount next year. He said the exchange could continue to pay some bonuses to staff, as results for this year would be comparable to last year. The firm's employee pay package ...

  2. Baosteel, Citic poised to unload state shares

    Posted Jun 23rd 2005, 12:00am by Staff Reporter

    ... Neil Gough Compensation packages not too generous as investors await further details on sale of non-tradable stocks Mainland investors braced for impact yesterday as more details emerged about Beijing's plans to unload US$250 billion worth of non-tra ...

  3. Mediators act to avoid bus strike

    Posted Jun 09th 2004, 12:00am by Elaine Wu

    ... a one-off bonus of $1,000 for every employee this year, but the union demanded a pay rise, said union vice-chairman Johnny Mak Shiu-kei. The union did not specify how much money it sought, hoping instead to reach a figure through negotiation. But after New World management refused the pay rise, union representatives sought a $1,500 bonus, which was also rejected. Transport and Labour ...

  4. HSBC chief's pay bonanza cancelled

    Posted Feb 25th 2010, 12:00am by Naomi Rovnick

    ... a cash bonus last year after the bank's dismal performance in 2008. Earlier this month, Britain's City minister Lord Myners fired off a strongly worded letter to 50 ... to GBP900,000, the Financial Times said, but is now likely to freeze his base pay. The HSBC chief is also facing pressure to waive his annual bonus for the second year running. In the past week, chief ...

  5. Lai See

    Posted Mar 23rd 2011, 12:00am by Howard Winn

    ... with Howard Winn A 25pc bonus increase is not enough for these poor dears It should come as no great surprise that 33 per cent of the city's finance professionals were dissatisfied with their 2010 bonus. Indeed the surprise is that anyone admitted to being satisfied. Many in the industry have got showing bonus displeasure down to a finely honed art. This displeasure is detailed ...

  6. Toxic assets drive BEA profit down 99pc

    Posted Feb 18th 2009, 12:00am by Staff Reporter

    ... executives, including chairman David Li Kwok-po, to forgo their bonuses. The bank made a net loss of HK$746 million in the second half of last year after a massive write-down of the value of troubled ... not to have any bonuses for last year.' The bank proposed paying a final dividend of 2 HK cents a share. As part of its 90th anniversary celebrations it will award stockholders one bonus share ...

  7. Greenberg blasts AIG for planning to sell life insurer AIA

    Posted Mar 27th 2009, 12:00am by Naomi Rovnick

    ... and funds. AIG sparked an intense political and public furore in the US after paying US$165 million in bonuses to top staff at its financial products group, the division responsible for selling the credit default swaps that insured mortgage losses. Mr Greenberg said the bonuses should not have been paid. 'When they lost all this money, why should you pay them a bonus?' he said. ...

  8. Bankers unruffled by Obama's roar

    Posted Jan 19th 2010, 12:00am by Kevin Rafferty

    ... Kevin Rafferty President Barack Obama used harsh words in denouncing the big bonuses that Wall Street is paying to its bankers and announcing new levies to claw back some of that money. ... the US is flourishing is Wall Street, and here we are back to 2007, with talk of US$140 billion in bonuses. Indeed, life is easier for big financial institutions now than in 2007 because ...

  9. Letters

    Posted Jul 30th 2010, 12:00am by Staff Reporter

    ... included as one of the options of our new water resources. K. K. Suen, senior engineer, public relations, Water Supplies Department Rein in inflated pay, bonuses The article by Chua Hoi-wai ... of the minimum wage. Hong Kong must also move to end unfair bonuses and inflated salaries. It is the higher salaries and bonuses offered here that attract most expat professionals. To ease this shameful ...

  10. HK bosses dash hopes of wage increases

    Posted Sep 15th 2004, 12:00am by Nick Gentle

    ... staff members and offer discretionary bonuses for exceptional performances. But it added: 'Pay attention to the softer side of people management to help reinforce the attractiveness of your ... variable bonus schemes.' This year had been a good one for business, so firms could probably pay a little more come bonus time, but what would happen next year was anyone's guess. 'I ...




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